The law allows a tax credit against the income tax liability of a taxpayer equal to 25 percent of the costs incurred by the taxpayer in the purchase and installation of geothermal machinery in or on a facility in South Carolina and owned by the taxpayer.
The CCI is calculated based on a survey of the association’s contractor members, who are asked how positive they feel about new business prospects, existing business activity, and expected staffing decisions in the short-term future.
The global advanced HVAC controls market for nonresidential users is expected to register the fastest growth during the forecast period. Nonresidential users of advanced HVAC controls include health care and educational institutions, manufacturing and industrial buildings, and offices and retail stores.
The Indiana Bryant dealer’s equipment donation will ensure the next generation of heating and cooling technicians are familiar with the latest energy-efficient technology. Bryant is a part of UTC Climate, Controls & Security, a unit of United Technologies Corp.
The market is being driven by rising HVACR deployments, increasing power-generation capacity, and technological advances in cooling towers. Asia-Pacific is expected to witness strong growth in the next five years. The demand across the region is reinforced by the emerging markets, namely China and India.
Duncan Cooper, regional managing director and group senior vice president for the Americas, Grundfos Pumps Corp., will leave the company during the summer of 2016.
The complimentary program features live demonstrations and presentations focused on productivity solutions for Mechanical, Electrical, and Plumbing (MEP) contractors and engineers.